Overdue credit investments more than double to 8 billion drams at the end of November

14.01.2010 20:03

YEREVAN, January 14, /ARKA/. Overdue credit investments of Armenian commercial banks more than doubled from the beginning of the year to total 8 billion Drams at the end of November, the Central Bank of Armenia said in its monthly information bulletin.

The share of overdue credit investments in the aggregate volume of all credits made 1.1%, rising by 0.6 percentage point from the beginning of the year.

Time credits rose by 10.4% by late November from the beginning of the year to 694 billion Drams, making 96.5% of all credit investments. Prolonged credits rose by almost 5 times from the beginning of the year to 17.2 billion Drams, making also 2.4% of all credit investments.

The aggregate amount of all credit investments of Armenian banks at the end of November 2009 stood at 719.2 billion Drams, up from 635.8 at the beginning of the year, rising by 13.1%. Short-term credits made 24.2%, falling from 24.9% at the beginning of the year, while long-term credits constituted 75.8%, rising from 75.1% at the beginning of the year. ($1 – 37814 Drams). -0-

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